The recent memorandum of understanding between the FRC and the FCA, formalising lines of communication, is a reminder of the urgent need to consider self-reporting in the event that wrongdoing is uncovered.

Asterisk is an initiative that forecasts the five key risks facing asset managers and financial institutions in 2018. Asterisk is part of a wider campaign to encourage discussion around these highly topical issues and to demonstrate how we can assist our clients navigate these risks going forward. The Hong Kong office will commence a series of roundtables in the coming months to facilitate this process.

This microsite summarises the key points to consider when handling investigations and highlights recent developments in this rapidly developing area, focusing on English law but including an international perspective.

On 18 January 2018 a new body within the FCA was empowered to oversee the anti-money laundering and anti-terrorist financing regimes of 22 regulatory organisations in the legal and accountancy sectors.